EKTA SAHAKARI PATPEDHI MARYADIT,VIRAR vs. INCOME TAX OFFICER, ASSESSMENT UNIT, NEW DELHI

In the result, both the above appeals are allowed

Section 80P(2)(a)(i) amounting to Rs.1,68,52,014/- thereby wrongly treating the Appellant a Cooperative Bank

M/S RENUKAMATA MULTI STATE CO-OP. URBAN CREDITN SOC. LTD.,MUMBAI vs. THE ASSTT. CIT, CC-4(4), MUMBAI

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

section 80P without appreciating the facts of the case and hence, pray that impugned disallowance is bad in law and ought to be deleted. The appellants crave leave to add to, alter or amend the aforestated grounds of appeal. 4. While the Revenue has raised the following grounds in its appeal for the assessment year

EKTA SAHAKARI PATPEDHI MARYADIT,VIRAR vs. INCOME TAX OFFICER, ASSESSMENT UNIT, NEW DELHI

In the result, both the above appeals are allowed

68,52,014/- thereby wrongly treating the Appellant a Cooperative Bank instead of Cooperative Society and overlooking the fact that the deduction u/s 80P(2)(a)(i) was allowed in the previous years including AY 2017-18.\n2. In the facts and circumstances of the case and in law, the learned A.O. erred in denying deduction u/s 80P

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

section 80P without appreciating the facts of the case and hence, pray that impugned disallowance is bad in law and ought to be deleted. The appellants crave leave to add to, alter or amend the aforestated grounds of appeal. 4. While the Revenue has raised the following grounds in its appeal for the assessment year

SHRI RENUKAMATA MULTI-STATE CO-OPERATIVE URBAN SOCIETY LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(4), MUMBAI

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

section 80P without appreciating the facts of the case and hence, pray that impugned disallowance is bad in law and ought to be deleted. The appellants crave leave to add to, alter or amend the aforestated grounds of appeal." 4. While the Revenue has raised the following grounds in its appeal for the assessment year

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

section 80P without appreciating the facts of the case and hence, pray that impugned disallowance is bad in law and ought to be deleted. The appellants crave leave to add to, alter or amend the aforestated grounds of appeal.‖ 4. While the Revenue has raised the following grounds in its appeal for the assessment year

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

section 80P without appreciating the facts of the case and hence, pray that impugned disallowance is bad in law and ought to be deleted. The appellants crave leave to add to, alter or amend the aforestated grounds of appeal.‖ 4. While the Revenue has raised the following grounds in its appeal for the assessment year

BLUE ROSE INDUSTRIAL PREMISES CO-OP SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER, WARD - 42(1)(1), MUMBAI, MUMBAI

In the result, the assessee’s appeal ITA NO

Bench: SHRI PRASHANT MAHARISHI (Accountant Member), SHRI SUNIL KUMAR SINGH (Judicial Member)

68,455/- M/s. Mumbai District Central Co-operative Bank Ltd Rs.7,18,345/- M/s. Saraswat Cooperative Bank Ltd Rs. 7,60,308/- Total Rs. 38,47,108/- Less: Interest on Savings/ Non-Cooperative Banks Rs. 1,01,407/- Deduction claimed u/s 80P(2)(d) Rs. 37,45,701/- Learned AO, after making adjustment of an interest on savings

BLUE ROSE INDUSTRIAL PREMISES CO-OP SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER, WARD - 42(1)(1),, MUMBAI

In the result, the assessee’s appeal ITA NO

Bench: SHRI PRASHANT MAHARISHI (Accountant Member), SHRI SUNIL KUMAR SINGH (Judicial Member)

68,455/- M/s. Mumbai District Central Co-operative Bank Ltd Rs.7,18,345/- M/s. Saraswat Cooperative Bank Ltd Rs. 7,60,308/- Total Rs. 38,47,108/- Less: Interest on Savings/ Non-Cooperative Banks Rs. 1,01,407/- Deduction claimed u/s 80P(2)(d) Rs. 37,45,701/- Learned AO, after making adjustment of an interest on savings

INCOME TAX OFFICER, WARD-4(1), THANE, THANE vs. JEEVAN VIKAS NAGRI SAHAKARI PATPEDI MARYADIT, VASAI

Bench: Ms Kavitha Rajagopal, Jm & Shri Ms Padmavathy S, Am, Ι.Τ.Α. No.918/Mum/2024 (Assessment Year: 2017-18) Jeevan Vikas Nagri Sahakari Patpedhi Maryadit Jeevika, First Floor, Rev. Fr. Raskina Marg, Post-Nirmal, Tal-Vasai, District-Palghar, Maharashtra-401304. Pan : Aacaj1997J Vs. Ito, Circle-4 Ashar It Park, 6Th Floor, A Wing, Road No. 16Z, Thane (W), Maharashtra-400604. Appellant) : Respondent) Ι.Τ.Α. No.2441/Mum/2024 (Assessment Year: 2017-18) Ito, Circle-4 Ashar It Park, 6Th Floor, A Wing, Road No. 16Z, Thane (W), Maharashtra-400604. Vs. Jeevan Vikas Nagri Sahakari Patpedhi Maryadit Jeevika, First Floor, Rev. Fr. Raskina Marg, Post-Nirmal, Tal-Vasai, District-Palghar, Maharashtra-401304. Pan : Aacaj1997J Appellant) : Respondent) Ι.Τ.Α. No.917/Mum/2024 (Assessment Year: 2018-19) Jeevan Vikas Nagri Sahakari Patpedhi Maryadit Jeevika, First Floor, Rev. Fr. Raskina Marg, Post-Nirmal, Tal-Vasai, District-Palghar, Maharashtra-401304. Pan : Aacaj1997J Vs. Asst. Cit, Circle-4 Ashar It Park, 6Th Floor, A Wing, Road No. 16Z, Wagle Estate, Thane (W), Maharashtra- 400604. 2

section 80P(2)(d). Accordingly the AO reallocated the expenses based on the income percentage and accordingly recomputed the income from business at Rs.3,26,68

SADHANA SAHAKARI PATPEDHI LIMITED,PALGHAR vs. CIT(A), NFAC, DELHI

Bench: Shri B.R. Baskaran & Shri Anikesh Banerjee

68,31,658/- being interest received from co-operative banks on which deduction under Section 80P is clamed should

NAND BHUVAN IND PRIMISES CO-OP SOC LTD,MUMBAI vs. ITO WARD-24(3)(1), MUMBAI

In the result, the appeal filed by the Assessee stands allowed

Bench: Shri Narender Kumar Choudhryassessment Year: 2017-18

section 250 of the Income Tax Act, 1961 (in short ‘the Act’) for the A.Y. 2017-18. 2 M/s. Nand Bhuvan IND Premises Co Op Soc Ltd. 2. In the instant case, the Assessee by filing its return of income on dated 17.10.2017 and declaring total income of Rs.1,68,010/- , has also claimed the deduction of Rs.16

RESERVE BANK STAFF AND OFFICERS CO-OP CREDIT SOCIETY LTD,MUMBAI vs. ITO WARD 26 (1)(1), MUMBAI

In the result, all the five appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

68,31,658/- being interest received from co-operative banks on which deduction under Section 80P is clamed should

RESERVE BANK STAFF AND OFFICERS CO-OP CREDIT SOCIETY LTD,MUMBAI vs. ITO WARD 26 (1)(1), MUMBAI

In the result, all the five appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

68,31,658/- being interest received from co-operative banks on which deduction under Section 80P is clamed should

RESERVE BANK STAFF AND OFFICERS CO-OP CREDIT SOCIETY LTD,MUMBAI vs. ITO WARD 26 (1)(1), MUMBAI

In the result, all the five appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

68,31,658/- being interest received from co-operative banks on which deduction under Section 80P is clamed should

RESERVE BANK STAFF AND OFFICERS CO-OP CREDIT SOCIETY LTD,MUMBAI vs. ITO WARD 26 (1) (1), MUMBAI

In the result, all the five appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

68,31,658/- being interest received from co-operative banks on which deduction under Section 80P is clamed should

RESERVE BANK STAFF AND OFFICERS CO-OP CREDIT SOCIETY LTD,MUMBAI vs. ITO WARD 26 (1) (1), MUMBAI

In the result, all the five appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

68,31,658/- being interest received from co-operative banks on which deduction under Section 80P is clamed should

INCOME TAX OFFICER, INCOME TAX MUMBAI vs. STATE BANK OF INDIA EMPLOYEES M.S. PATEL CO-OP CREDIT SOCIETY LTD, MUMBAI

In the result, the appeal of the revenue is dismissed

Bench: Shri Amarjit Singh & Shri Rahul Chaudhary

section 80P(4) of that Act. 25. To provide the background for Mavilayi (SC), we may examine how the dispute reached the Supreme Court. To begin with a Division Bench of the Kerala High Court has answered the above issue in Chirakkal Service Co-operative Bank Ltd. v. CIT [2016] 68